The Beeb claim that United made a profit of £46m for the year ending June 2005 - a drop of £12.3m from the previous 12 months.
IF THIS IS CORRECT IT IS STILL LESS THAN THE DEBT THAT NEEDS TO BE SERVICED EACH YEAR.
Gill told BBC Five Live: "It's been a very profitable year for the club but, despite the drop, Malcolm Glazer is comfortable with the results."
United paid £2.2m to agents, including £1.5m to Rooney's agent.
The club will officially announce the drop in profit on Monday.
Gill continues his hyperbole:
"The forecast for 2006 is very good but I am not going to predict profits will be over £50m.
"But going forward, the new stadium expansion means there will be nearly 8,000 extra seats from the start of next season and the end of 2007 is looking very positive."
Despite almost 8 months into his reign, there is still no explanation of how the debts are going to be repaid.